Rolling coverage of the latest economic and financial news, as Britain’s FTSE 100 is hit by Covid-19 fears againLatest: FTSE 100 has slumped by another 2%Footsie now flirting with correctionIntroduction: European markets to tumble againOvernight, president Trump claimed risks are ‘very low’Australia has initiated its emergency planCoronavirus news: Saudi Arabia halts pilgrimages as Iran raises toll 8.22am GMT Nearly every company on the FTSE 100 is down today, with travel companies among the top fallers.In London, budget airline easyJet has slumped by 8% this morning to its lowest level since October. Holiday firm TUI has shed 4.3%. 8.14am GMT I reckon the FTSE 100 has plunged into a full-blown correction.Today’s slump means the index is more than 10% below its recent peak, of 7674 points set on January 17th. Continue reading…
Source link : https://www.theguardian.com/business/live/2020/feb/27/stock-markets-plunge-ftse-100-dow-correction-trump-coronavirus-investors-business-live
Author : Graeme Wearden
Publish date : 2020-02-27 08:22:58
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